Vale clarification on news article

1/16/2020

Vale clarification on news article

​​Rio de Janeiro, January 16th, 2020 – Vale S.A (“Vale” or “Company”) informs that it is aware of the news article published today by the Brazilian newspaper Valor Econômico, under the title “Vale suspends Ferrous mine operation”, and clarifies that, preventively, it had made the decision to halt operations of the waste and tailings pile at the Esperança mine soon after taking the control of the Ferrous Group.

The preventive measure had been taken to carry out a technical assessment and, currently, works to increase the pile safety are underway. The Esperança mine encompasses a processing plant with annual production of around 1.2 million tons of iron ore.
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Ever since the Covid-19 outbreak began, our highest priority is the health and safety of our employees. Our IR team adopted work-from-home, and as we continue to face these new circumstances, we strongly recommend you prioritize e-mail and online engagement.

For further information, please contact:

Vale.RI@vale.com
Ivan Fadel: ivan.fadel@vale.com
Andre Werner: andre.werner@vale.com
Mariana Rocha: mariana.rocha@vale.com
Samir Bassil: samir.bassil@vale.com

This press release may include statements that present Vale’s expectations about future events or results. All statements, when based upon expectations about the future, involve various risks and uncertainties. Vale cannot guarantee that such statements will prove correct. These risks and uncertainties include factors related to the following: (a) the countries where we operate, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and in particular the factors discussed under “Forward-Looking Statements” and “Risk Factors” in Vale’s annual report on Form 20-F.

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Vale clarification on news article